Solana (SOL) Back to Pre-FTX levels, Cardano’s (ADA) Ecosystem set to Expand, Snowfall Protocol (SNW) Set to Revolutionize the Industry With Unique Bridging Protocol
The previous bearish pressure was probably their greatest tribulation for many projects like Solana (SOL) and Cardano (ADA). As you can remember, the Solana (SOL) FUD that followed the FTX collapse was a huge storm that almost blew off its value. However, both cryptocurrencies are getting back on their feet with impressive gains and breaking above support levels. On the other hand, Snowfall Protocol (SNW) has always been a greener pasture investment for several traders. The protocol is set to revolutionize the blockchain industry with its amazing interoperability and interchain communication prowess. The project’s use case has attached investors and market bulls who have pushed its price past 800%. Read on to learn more about the never seen killer features of Snowfall Protocol (SNW) as well as bull pressure building around Cardano (ADA) and Solana (SOL). Snowfall Protocol (SNW) is taking over the crypto space with its revolutionary use cases to improve blockchain interoperability. The protocol is a cross-chain bridging solution for cryptographic assets. It aims to bring together different blockchain networks and facilitate the safe, transparent, decentralized transfer of funds. Snowfall Protocol (SNW) uses the canonical token bridge and swap/wrap to provide a highway for the efficient movement of cryptocurrencies and NFTs, respectively. The protocol is undoubtedly a striking force and revolutionary disruptive innovation in crypto, making it the most efficient bridging solution. In fact, Snowfall Protocol (SNW) has unlocked a new gateway for people, especially businesses and developers, to use and interact with over 200 EVM and non-EVM chains simultaneously. At the moment,Snowfall Protocol (SNW) has announced the release of a working prototype of its dApp, staking DEX, and wallet, and investors are thrilled with its electrifying features. Snowfall Protocol (SNW) has raised $5 million in the presale stage, and as of writing, its token is trading at $0.191. In terms of value, demand, vision, mission, and prospect,Snowfall Protocol (SNW) ousts many existing projects. Analysts speculate that its value will increase by 1000x for early adopters. Therefore, now is the best time to buy the Snowfall Protocol (SNW) token. Founded by Solana Labs, Solana (SOL) has done nothing but live up to its nickname, the Ethereum Killer. While the layer one scalable chain has faced many challenges, it is gracefully recovering from the stormy shake of FTX collapse. Today, the Solana (SOL) chain has seen thrice the number of network activities it saw before and during the FTX debacle. Although Solana (SOL)TVL is still the same, the network is seeing an uptick in dev activities and funding rates on Binance. Aside from this, Solana (SOL) is one of the top-mentioned crypto assets on social media, according To Messari. All these positive sentiments have raised optimism among enthusiasts and investors. According to experts, Solana (SOL) is back on the bullish track after a rough year-end. It is back above the $20 mark for the first time since the event, and the bulls are eyeing the $37.9 resistance level. However, the token is still about 91.7% below the ATH price of $256 in November 2021. So far this year, Solana (SOL) has gained 115%. Solana (SOL) is not the only network gaining bulls’ interest lately. Just like the recently concluded Polygon (MATIC) upgrade, Cardano (ADA) has announced a major upgrade to expand its ecosystem. The open-source Proof of Stake network has mapped out plans to release Software Development Toolkit (SDK) for developers to build and deploy custom sidechains on the network. The sidechain toolkit has proven to be more than efficient after Input Output Global developers used it to develop a Proof of Concept testnet. Essentially, the toolkits were developed to enable the massive adoption of Cardano (ADA). Meanwhile, once the toolkit audit is done, it will be released for anyone to deploy dApps and contracts. Following the news, the Cardano (ADA) community and investors seem pumped for the new development. Cardano (ADA) token also reacted nicely, with about a 20% spike in price. In the past 6 months, Cardano (ADA) has seen major developments, including the Vasil hard fork, and experts think it’s a great move. For more information on Snowfall Protocol (SNW), visit: Presale: https://presale.snowfallprotocol.io Website: https://snowfallprotocol.io Telegram: https://t.me/snowfallcoin Twitter: https://twitter.com/snowfallcoinSnowfall Protocol (SNW) Bringing Revolutionary Change to Blockchain Technology, See Huge Investors’ Support
Solana (SOL) Gains Value, Back At Pre-FTX Levels
Cardano (ADA) Set to Expand Its Ecosystem With Software Toolkit for Building Custom Sidechains
Text source: DailyCoin.com
